Match the Term to the Appropriate Definition

question 113

Multiple Choice

Match the term to the appropriate definition.(There are more definitions than terms. )
-Balance Sheet

• A)A procedure by which independent evaluators assess the accounting procedures and financial reports of a company.
• B)An example of external users of financial statements.
• C)Activities directly related to running the business to earn a profit.
• D)When a company acquires money from investors.
• E)A financial statement that summarizes a company's past and current cash situation.
• F)Transactions with lenders (borrowing and repaying cash)and stockholders (selling company stock and paying dividends).
• G)The total amount of profits that are kept by the company.
• H)The idea that the financial statements of a company include the results of only that company's business activities.
• I)The idea that a company should report its financial data in the relevant currency.
• J)Borrowing money from lenders.
• K)A financial statement showing a company's assets,liabilities and stockholders' equity.
• L)A financial statement that shows a company's revenues and expenses.
• M)An example of an internal user of financial statements.

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Definitions:

Distinguishable

Capable of being recognized as different or distinct from others based on specific characteristics or criteria.

Surnames

The family or last names that identify individuals as belonging to a certain family lineage or heritage.

Incorporators

Incorporators are individuals or entities that participate in the creation and filing of a corporation's founding documents with relevant state authorities.

Charter

A document that establishes the principles, functions, and organization of a corporation or city.